The company had made a “strategic decision” to reduce breeding activities of the fish, of which certain mass market varieties had experienced oversaturation and declining prices, in order to free up valuable resources and redeploy land for new business activities with better value generation.
Mainboard-listed integrated fish service provider Qian Hu Corporation (SGX:BCV
) has reported a net loss attributable to shareholders of $9.3 million for the FY2023 ended Dec 31, 2023.
The loss, compared to its earnings of $1.4 million for FY2022, was largely due to a $7.4 million loss on disposal of a substantial portion of its Asian Arowana broodstock.
